““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”
A Dubai Showcase for High-end Yachts and Cars
The world's leading luxury yacht builders and shipyards will display their products and services at the 20th annual Dubai International Boat Show from March 13 to 17. In addition, the show will feature the "Supercar Promenade," which organizers tout as "the most exclusive automotive event in the Middle East." Exhibitors will include carmakers Bentley, Porsche and Rolls-Royce and designer/modifier Hamann.
For more information about the show, which will be hosted by the Dubai International Marine Club in Mina Seyahi, visit www.boatshowdubai.com.